Taylor Roundtree’s Post

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Associate Partner at McKinsey & Company

The U.S. semiconductor industry is at risk of facing a critical talent shortfall, potentially up to 146,000 workers by 2029, even with the full support of CHIPS Act initiatives. 💼 This shortage could hinder the industry’s growth and competitiveness. My colleague Bill Wiseman highlights the potential impact, warning that understaffing could significantly drive up operational costs, especially since “operating a factory in the U.S. is already more expensive” compared to semiconductor hubs like Taiwan, Korea, Japan, and Singapore. To address this, McKinsey & Company research proposes a range of innovative strategies, including leveraging talent from immigrant communities, military veterans, and workers with transferable skills from related industries such as pharmaceuticals and automotive. Building strong educational partnerships, even with high schools, is also crucial to developing a pipeline of future semiconductor professionals. I also bring emphasis to the fact that, “if students don’t enroll in the courses, that’s not going to solve the problem,” emphasizing the need for proactive efforts to attract talent. Learn more about how the industry can secure the future of U.S. chipmaking: https://lnkd.in/ezHSAdQi

Two years since the CHIPS Act, the race heats up to train tens of thousands of workers

Two years since the CHIPS Act, the race heats up to train tens of thousands of workers

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Lavar Harper

Co-Founder & CMO at VisQuanta | Elite Growth Strategies for Dealerships & Businesses—Powered by Advanced Marketing Solutions.

2mo

Insightful post, Taylor! How do you think the CHIPS Act will shape the competitive landscape of the semiconductor industry moving forward?

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Matt Schofield

Systems and operations expert delivering business improvement in extractive & heavy industry. Software internationalization as Transformation Director

2mo
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